I am a CPA in Texas with an MBA from the University of Chicago. I have seen a lot and made many mistakes. Hopefully by now I will have learned something from them. Just as importantly, you may learn something from my mistakes. You can e-mail me by clicking on my "View my complete profile".

Saturday, November 21, 2009

LA Times on California

WC Varones (WCV) has a 2 November 2009 post which refers to a 1 November 2009 Los Angeles Times opinion piece. Here's a link to WCV's post: http://wcvarones.blogspot.com/2009/11/la-times-california-sucks.html. I was surprised "LA" Times printed it too. Even LA Times apparently recognizes that California's current tax and spending policies are unsustainable without federal help, "California's public sector has pinned its hopes for avoiding fundamental reform on increased federal aid to replace dollars the state's fed-up taxpayers refuse to surrender. In other words, residents in the other 49 states--the new 49ers?--would enjoy the privilege of paying California's taxes". Why not? Californians pay Mexico's taxes? Steve Sailer (SS) at Vdare sees this article on 6 November 2009, much the way I do, link: http://blog.vdare.com/archieves/2009/11/06/california-v-texas-again/. SS notes, "The concept that Latinos don't earn enough to pay for an expensive government is pretty obvious, but it's just off the radar screen. The liberal media just see more NAMs as more justification for more government spending and more votes for government spending". Yes SS.

please support the request on A New Way Forward for folks to write their Congresspersons asking for the legal and financial analysis on why in 2008 the Fed and Treasury couldn't use bankruptcy to save the banks and haircut bondholders.